Of courseThe poorly managed companies will fall. When I say badly managed I mean management teams that lack proper insight in the cannabis space and go into a building spree (with one in particular using illegal growrooms; spending money in ill advised mergers [Aurora comes to mind with ousted Cam Bartley and the clown TerryBooth; Canopy firing of incompetent Bruce Linton] etc).
today
But there are properly managed companies like Aphria. They are no longer attempting to overextended themselves
Canopy is now properly managed. Me so even with the last 25$M raising of capital was misunderstood by scared investors
Zenabis had their dark days and was oversold to a point that is ridiculous. At 0.18$ it is the steal of the decade. I expect an interested parry is going to invest in this severely underpriced play and get a lot of bang for their investment especially with Cannabis 2.0 in play from today. I actually see a future for Zenabis and I expect a swift recovery to 1.50$ in short order.
A dark horse at this point is Aurora. I expect announcements of a partnership soon and it will be back to 8.00$ with, shudder to say, Terry Booth at the helm. Hope they fire this a$$hole. But they will recover.
I cannot access 1Hornet and the bull$hit he is sprewing. It is the sign of a scared baby. His recommendation is EVE. WOW! That is his top pick?
Enjoy the week everyone. The sun is on the horizon